SONYMA gave me a 5000 grant to cover most of the closing costs, inspection, they even filled the escrow account for me.If I sell within 5 years, I pay back the 5000, otherwise it is a gift.Yes, I am strongly considering having my father in law manage the property for 10 percent of the rents.

If you have strong verifiable wealth that will more than cover the potential losses from the loan, then they won't really care if the other 4 co-signers are losers with no income or credit.

I have a strong feeling it will be Obama.

DOES ANYONE HAVE ANY SUGGESTIONS FOR THE BUYER CONTRACT AND THE SELLER CONTRACT (as in, what would some strong key points be for the two).

MWMREIBO who enjoys walks on the beach to bank owned properties. rehabbing, marketing/selling real estate deals, and taking vacations to high appreciation markets is looking for someone who has cash and/or can get approved for an investment mortgage and is willing to make a serious commitment to purchase cash flow investment property at a deep discount.

I have had several investors get turned away from backs because of various resons, and these were all strong borrowers, 780 score, 20% down, plenty of reserves, etc.

I must point out that if you have followed Schiff's investment advice you have absolutely been destroyed in the last 12 months.Schiff absolutely missed the deflationary part of the collapse and believed very strong in decoupling which has not happened.

So the protection of the law would not apply.I strongly suggest that you investigate the laws in your state regarding Sub-2's.

Thanks guys, we've got a relatively strong economy here in western WA primarily due to Microsoft, Boeing, and multiple military bases.

Go Sooners Great the market is strong here.